10.28AM May 01: Who is shorting NDX?

xflat2186 · May 1, 2008

Hope wishing and prayer are common strategies

stock_trad3r · May 1, 2008

Quote from riskfreetrading:

I just put back the half I took off at 1945. NDX is now at 1957.

I think you're full of shit. You claim to short at what was the very top and then cover at the very bottom of the range. How convienent.

riskfreetrading · May 1, 2008

Keep buying guys! The market needs to be funded.

xflat2186 · May 1, 2008

Why would you assume that people here are buying or people here move the market?

No one here moves the market in these indexes not even the combined effort of people here moves it.

riskfreetrading · May 1, 2008

Stocktrad3r and XFLAT are long (at least in this forum) NDX at 1957 and beyond, and they declared it a bottom of today.

MAESTRO · May 1, 2008

Actually a friend of mine did some interesting research on who is buying stocks. It appears to be that the major buyers are âthe oil moneyâ from the Middle East. They are scooping the bargains keeping the indexes high.

MAESTRO · May 1, 2008

The trade that makes sense to me is to buy NDX at 1946 and sell it at 1951. It should come shortly.

riskfreetrading · May 1, 2008

Quote from MAESTRO:

Actually a friend of mine did some interesting research on who is buying stocks. It appears to be that the major buyers are âthe oil moneyâ from the Middle East. They are scooping the bargains keeping the indexes high.

Interesting. So essentially when oil tops or their pockets become empty, we should have a good case for a big down move.

margo_trader · May 1, 2008

Short QID @ 40.60 (200 MA NDX) contrary to my post on my pathetic blog http://actionpointsta.blogspot.com/ will buy more if it moves further down.

MAESTRO · May 1, 2008

Quote from riskfreetrading:

Interesting. So essentially when oil tops or their pockets become empty, we should have a good case for a big down move.

Yes, but they might fuel this buying for a while.